Hyundai Motor’s stock prices are marching upward by as much as 17.5 percent, according to a report published Thursday by Reuters.
The increase is likely due to the announcement of a partnership between the South Korean automaker andto develop the , aka Project Titan. Specifically, it’s said that Hyundai will be leading the battery design for the electric vehicle.
This news comes just a few weeks after the announcement that Hyundai had acquired anin manufacturer Boston Dynamics for $921 million. We frankly cringe at the thought of creepy robotic EV charging snakes or worse coming out of this.
Hyundai didn’t immediately respond to Roadshow’s request for comment.